which we have struggled with for almost 5 years. Have not read all that much here, but wanted to stop in to say that better days are coming. Now, for example, some in the media are asking the questions many of us have been asking for so long:
"How could the BOT have paid out this much of the University's money with so little vetting of the claims?"
"Hasn't the BOT hamstrung everyone by spending this much money without vetting the claims?"
"Did they think nobody would ever see the records upon which they decided to pay?"
"How can the BOT have gotten PSU in the position where it paid $100 million +++ on the basis that the Freeh Report was true, and STILL be facing the effects of the Spanier vs. Freeh lawsuit, the premise of which is that the Freeh Report is false?" Remember, we indemnified Freeh.
"How can our coffers, whatever you think, possibly be subject to hits from claimants premised upon the 1)truth and 2)falsity of the same report?"
"How bad at governance do you have to be to pay 8 million dollars for one report that makes you liable both if it is true and if it is not?"
Patience, friends. There are some answers. Not sure any of them will get our money back, but someday the nonsensical nature of what the BOT did with Louis Freeh will be plain to even the most ignorant and blinded of our fellow citizens. I feel more certain of that now than ever before.
"How could the BOT have paid out this much of the University's money with so little vetting of the claims?"
"Hasn't the BOT hamstrung everyone by spending this much money without vetting the claims?"
"Did they think nobody would ever see the records upon which they decided to pay?"
"How can the BOT have gotten PSU in the position where it paid $100 million +++ on the basis that the Freeh Report was true, and STILL be facing the effects of the Spanier vs. Freeh lawsuit, the premise of which is that the Freeh Report is false?" Remember, we indemnified Freeh.
"How can our coffers, whatever you think, possibly be subject to hits from claimants premised upon the 1)truth and 2)falsity of the same report?"
"How bad at governance do you have to be to pay 8 million dollars for one report that makes you liable both if it is true and if it is not?"
Patience, friends. There are some answers. Not sure any of them will get our money back, but someday the nonsensical nature of what the BOT did with Louis Freeh will be plain to even the most ignorant and blinded of our fellow citizens. I feel more certain of that now than ever before.